Hi.
I’m currently trading on EUR/USD and USD/JPY
I’m just wondering why is the major factor that drives EUR/USD up to 1.3400 again.
and Why is USD/JPY Keep going up? what’s the drive?
thanks
danny
First am no expert, so I will only be sharing the little I know.
The EUR/USD is hitting 3400 because the outlook in the US of A is not that rosy.
The USD/JPY is being driven up by carry trades and the Japanese fundamentals are pointing to a devalued Yen.
Hope that makes it a bit easier.
I think there is buying back going on - covering shorts.